Audiostreaming giant Spotify will now make movies and TV shows based on its podcasts
The Stockholm-based company is counting on podcasts becoming a moneymaker, in large part through advertising, to help it become less reliant on music — and profitable. Having transformed the music and podcasting businesses, Spotify Technology SA SPOT, -2.68% now has its sights on film and TV. The audiostreaming giant and Chernin Entertainment are teaming up to create television, movies and digital-video programming based on Spotify’s hundreds of original series. The nonexclusive partnership offers another way for Spotify to capitalize on […]